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Sunday, December 17, 2006

In Retrospect : BPC, ABS, ABSP, PLTL

BPC

On last analysis, an island reversal formed but this was invalidated by a large volume by Dec 7 which propelled price way beyond resistance and gapped up twice. Price is currently consolidating, probably for another push upward.


ABS/ABSP

The target price of 21 was achieved. Currently consolidating between 22-20 level. There is a good possibility of price to reach 23 and beyond.

PLTL

The ascending triangle was invalidated as price went down to as low as 5.70. It currently was able to break 6.20 with good volume, but the last day of trading it went down and re-tested the 6.20 resistance. Currently a buy recommendation

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